Month: March 2023
UK Widens Crackdown on Unauthorized Crypto ATMs
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks Down on Illegal Crypto ATMs Britain’s top financial regulator, the Financial Conduct Authority (FCA), announced […]
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems. Krugman’s Experience Highlights the Growing Interest in Censorship-Resistant Payment Systems Nobel Prize […]Nansen Launches Data Platform for Crypto Investors and Projects
Nansen’s new data platform allows investors and projects to access curated datasets for various use cases.
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s […]Binance NFT Announces Integration With Polygon Network
Users will now be able to buy, deposit, withdraw and list NFTs from the Polygon network on the Binance NFT marketplace.
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold […]Here’s Everything You Need to Know About the Latest Grayscale-SEC Developments
Michael Sonnhenshein defends Grayscale’s lawsuit against the SEC – and GBTC’s “exorbitant” fees.
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said. The Fed Anticipates Higher Rates, Faster Hikes Federal Reserve Chairman Jerome Powell […]Shiba Inu Devs Reveal Layer 2 Project’s Beta Version to Release This Week
The team cautioned the community to be wary of scammers who may attempt to take advantage of the Shibarium’s public beta launch.
Bitcoin Volatility Picks Up as Powell Reiterates Inflationary Pressure Higher Expected
Fed Chair Jerome Powell is speaking before Congress for the second day. As expected, his testimony caused an uptick in market volatility.
